In this paper we study the welfare effect of a monopoly innovation. Unlike many partial equilibrium models carried out …, the criticism against monopoly innovation based on its increased deadweight loss is less accurate than previously … technical innovation carried out by a monopolist could significantly increase the social welfare. We conclude that, in general …

the context of monopoly theory, also extending the generalization to a large family of principal-agent programs. Our main …

. Thus, unlike unit and ad valorem taxes which amplify the harm from monopoly, a digressive tax lessens the harm. We analyse …

firm prefers to exploit the loyal physicians and to charge the monopoly price. The equilibrium level of innovation exhibits …-line extension (an upgrade through innovation) before it faces generic competition. There are two types of physicians: loyal … firm decides the level of innovation. In the second-stage, all firms decide sequentially their prices, with the incumbent …

This paper focuses on the systems-of-innovation (SI) approach and its policy implications. It introduces the topic by … the innovation process and the division of labour between private and public actors in carrying out SI activities. In this … context, the paper argues that the notion of optimality is irrelevant in an innovation system context and it discusses the …

investment incentives of the initial innovator, contrary to much of the cumulative innovation literature. Indeed, as the effect …

Innovationsbegriff lag den entsprechenden Studien zugrunde? Welche neuen Erklärungsansätze für den Zusammenhang von Innovation und …